Cubist Systematic Strategies LLC Acquires 17,118 Shares of National Health Investors, Inc. $NHI

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in National Health Investors, Inc. by 130.5% during the first quarter, owning a total of 30,236 shares worth approximately $2.23 million.
• National Health Investors recently raised its quarterly dividend to $0.92 per share, reflecting a 4.7% dividend yield and a payout ratio of 115.02%.
• Analysts have generally maintained a positive outlook on NHI, with one upgrading the stock to "strong-buy" and the average price target set at $84.20.

Cubist Systematic Strategies LLC raised its stake in National Health Investors, Inc. (NYSE:NHI - Free Report) by 130.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,236 shares of the real estate investment trust's stock after purchasing an additional 17,118 shares during the period. Cubist Systematic Strategies LLC owned 0.06% of National Health Investors worth $2,233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NHI. Smartleaf Asset Management LLC grew its stake in shares of National Health Investors by 49.8% in the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 147 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of National Health Investors in the fourth quarter worth about $58,000. Farther Finance Advisors LLC lifted its holdings in shares of National Health Investors by 5,000.0% in the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust's stock worth $68,000 after acquiring an additional 900 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of National Health Investors in the first quarter worth about $206,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in National Health Investors in the 4th quarter valued at approximately $226,000. 62.51% of the stock is currently owned by institutional investors and hedge funds.

National Health Investors Stock Down 1.1%

NYSE:NHI traded down $0.90 during trading hours on Friday, hitting $78.20. 307,322 shares of the company traded hands, compared to its average volume of 177,766. The company has a quick ratio of 10.91, a current ratio of 10.91 and a debt-to-equity ratio of 0.75. The firm's 50-day simple moving average is $74.15 and its 200-day simple moving average is $73.50. National Health Investors, Inc. has a one year low of $65.13 and a one year high of $86.13. The company has a market cap of $3.71 billion, a PE ratio of 24.98, a PEG ratio of 3.40 and a beta of 0.76.

National Health Investors (NYSE:NHI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. National Health Investors had a return on equity of 10.32% and a net margin of 40.97%.The business had revenue of $70.27 million for the quarter, compared to analysts' expectations of $86.46 million. During the same period last year, the business earned $1.18 EPS. The business's revenue was up 6.7% on a year-over-year basis. Equities analysts predict that National Health Investors, Inc. will post 4.41 earnings per share for the current year.

National Health Investors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.92 per share. This is a boost from National Health Investors's previous quarterly dividend of $0.90. The ex-dividend date is Tuesday, September 30th. This represents a $3.68 annualized dividend and a yield of 4.7%. National Health Investors's dividend payout ratio (DPR) is 117.57%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of National Health Investors from $77.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 15th. Wedbush upgraded shares of National Health Investors to a "strong-buy" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company lifted their price target on shares of National Health Investors from $76.00 to $80.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. Finally, KeyCorp raised shares of National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price target for the company in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, National Health Investors has a consensus rating of "Buy" and a consensus price target of $84.20.

About National Health Investors

Incorporated in 1991, National Health Investors, Inc NYSE: NHI is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.